Management and Vestar Capital Partners Purchase Interest from American

Securities Capital Partners

SOUTH BEND, Ind. and NEW YORK, Jan. 30 /PRNewswire/ -- Press Ganey
Associates, Inc., the leading provider of health care performance
improvement solutions, announced today that Vestar Capital Partners
(Vestar) has agreed to purchase a majority interest in the Company from
long-time investor American Securities Capital Partners, LLC (ASCP). The
Press Ganey management team, who invested alongside American Securities,
will remain in place and will continue to be substantial investors in the
business.

Melvin F. Hall, Ph. D., President & CEO of Press Ganey, said, "The
fundamental challenge of America's health care system is to provide the
highest quality of care with the best possible patient outcomes at the
lowest cost. Press Ganey helps accomplish these goals by providing health
care providers with comprehensive services to measure, benchmark, and
improve upon the delivery of health care. Vestar is firmly committed to the
company's mission and culture, and their investment is a validation of our
efforts to improve the quality of health care and recognizes the strong
growth and loyalty we have built with our clients."

"Press Ganey sits squarely at the intersection of two of the most
important trends in health care for the next decade: consumerism and health
care quality. We are pleased to partner with an organization and management
team who are shaping tomorrow's health care landscape," said Roger C.
Holstein, Vestar Managing Director. "Our long-term investment will provide
Press Ganey with substantial capital resources to enhance their
award-winning IT capabilities, deploy innovative solutions, extend its
best-in-class customer service, and ultimately meet the changing and
growing needs of health care."

Commenting on their work with Press Ganey, Glenn Kaufman, Managing
Director of American Securities said, "Over the last five years we have
worked in true partnership with a world-class team, introducing into health
care the science of predictive analysis to drive improvement in quality and
the overall delivery of care. We are delighted that our efforts, resources
and investment to support Press Ganey's expansion of capabilities have
positioned it at the epicenter of both the consumerism and transparency
movements in health care. It has been tremendous to impact health care in
such a powerful way while also supporting the growth of what we believe is
now one of the best-positioned businesses in the industry. To have
accomplished all that while building the quality long-term relationships
and friendships we deeply value meets every one of our investment goals."

"We are proud of our achievements and appreciate the support of
American Securities over the past several years," added Dr. Hall. "They
have been outstanding partners who have helped us transition from an
independent, entrepreneurial business to a company with best-in-class
infrastructure, technology, and operations while maintaining our
entrepreneurial edge."

"Vestar's investment in Press Ganey reflects the national priority of
better quality health care in America, and with this important investment
Vestar intends to remain at the center of opportunities in this critical
area," Holstein concluded.

The transaction, which is subject to customary closing conditions, is
expected to close during the first quarter of 2008. Terms were not
disclosed.

Press Ganey Associates, Inc.

For more than twenty years, Press Ganey has been committed to providing
insight that allows health care organizations to improve the quality of
care they provide. The company offers the largest comparative customer
feedback databases, actionable data, solution resources, and unparalleled
customer service. Press Ganey currently partners with more than 7,000
health care facilities -- including over 40% of U.S. hospitals -- to
measure and improve the quality of their care. http://www.pressganey.com

Vestar Capital Partners is a leading international private equity firm.
The firm's investment strategy is targeted towards companies in the U.S.,
Europe and Asia with valuations in the $100 million to $5 billion range.
Since the firm's founding in 1988, the Vestar funds have completed over 60
investments in companies with a total value of over $20 billion. These
companies have varied in size and geography and span a broad range of
industries. The firm's strategy is to invest behind incumbent management
teams, family owners, or corporations in a creative, flexible and
entrepreneurial way with the overriding goal to build long-term franchise
value. Vestar currently manages funds with committed capital totaling
approximately $7 billion and has offices or affiliates operating in New
York, Denver, Boston, Tokyo, Paris, Milan, and Munich.
http://www.vestarcapital.com

American Securities Capital Partners (ASCP) is a New York based private
equity firm that invests in market-leading companies in North America with
annual revenues generally ranging between $100 million and $500 million.
Investments are funded from $4 billion of committed capital that American
Securities manages on a discretionary basis for its investors. The firm
traces its roots to the family office founded in 1947 by William Rosenwald
to invest and manage his share of his family's Sears, Roebuck & Co. fortune
and today continues to invest largely on behalf of wealthy families and
individuals. American Securities has offices in New York and Shanghai.
http://www.american-securities.com.

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